Question: Can you please answer the question QUICKLY. PLEASE NO NEED FOR ANY EXPLANATIONS JUST ONLY NEED THE ANSWER PLEASE. Question 1 (0.25 points) An internal

Can you please answer the question QUICKLY. PLEASE NO NEED FOR ANY EXPLANATIONS JUST ONLY NEED THE ANSWER PLEASE.

Can you please answer the question QUICKLY. PLEASE NO NEED FOR ANYEXPLANATIONS JUST ONLY NEED THE ANSWER PLEASE. Question 1 (0.25 points) An

Question 1 (0.25 points) An internal control exception is: a) only expected to exist when internal controls are effective. b) an observed condition that provides evidence that the control being tested did not operate as indicated. c) both a and b. d) an observed condition that provides evidence that the control being tested did operate as indicated. Question 2 (0.25 points) Which of the following is not an assertion used for transactions and events? a) existence. occurrence. c) cut-off. d) classification. A computer program that will not allow a sale to be processed if a customer has exceeded their credit limit is an example of a: a) detect control. b) prevent control. c) test of controls. d) substantive procedure. Question 4 (0.25 points) When internal controls are effective: a) the organisation is more likely to achieve its strategic and operating objectives. there will be an increased reliance on substantive tests of transactions and account balances. control risk will also be high. O d) the organisation is less likely to achieve its strategic and operating objectives

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